Charting and Studies User Guide - CQG.com

Interpretation
Page 495
The thresholds for this study vary considerably from the standard Peak, in that Peak can go for
an extended period without changing value. This is normally true when a trend is beginning as
nobody knows it’s a new trend and ranges are more condensed than the long term average of
range. However, when trends develop and go beyond the normal trend cycle (65 bars), more
rapid changes in Peak Range should be evident as range expands on any corrections to that
trend. The trend has ended when price closes beyond the Peak Range level.
PeakRng Parameters
Display Parameters
Name Default Definition
LLev 2 Qualifies how many bars are to the left of the mid point.
RLev 2 Qualifies how many bars are to the right of the mid point.
Mult 1.5 Qualifies the threshold for expansion of Range to trigger a change in the
study value.
Len 250 Qualifies how many bars that lookback period is to compare Range.
Charting and Studies User Guide